In a commentary article for Banking Technology, BNY Mellon Treasury Services’ Dominic Broom, global head of trade business development, and Joon Kim, head of global trade product, discuss how bank-led collaboration can drive new digital solutions that help support trade growth.

Broom and Kim explain that in the current “fintech era” of digital innovation, it is industry collaboration – led by banks – that will allow innovations such as blockchain and artificial intelligence (AI) to enhance trade and payment processes.